Nov. 8, 2017
06:49 am JST

Nov. 8, 2017
11:40 am JST

Not sure what "historically high" means, but Japanese stocks are not at "historic highs", just "highest in a good while".

Still some 16,000 odd points below the all-time highs, whereas US stock indices like the DOW and NASDAQ have hit literal historic highs, and same in other places. I was surprised recently to look at the stock market in the place of my citizenship and found it was 4 times what it was what I remember it being prior to coming to Japan many years ago.

On Tokyo TV's WBS last night the commentator was pushing back on claims by Kuroda that the BOJ holds about "only 3%" of the market cap of the Nikkei. The guy pointed out if some player turned around and said they would sell 3% of the market you can bet it will go down. I tend to agree with him.

Also I gather that a lot of the buying is by foreigners via futures markets. Futures positions will be closed, so there will be a decent pullback before long, I suspect.

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